Starbucks Corporation (NASDAQ: SBUX) reported its third quarter 2024 earnings results today.
Consolidated net revenues declined 1% year-over-year to $9.1 billion. On a constant currency basis, revenues grew 1%.
Global comparable store sales declined 3%.
Net earnings attributable to Starbucks decreased 7.6% to $1.05 billion compared to last year.
GAAP EPS decreased 6% to $0.93. Adjusted EPS declined 7% to $0.93.
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Revenues missed expectations while earnings came in line with estimates.
The company opened 526 new stores in Q3, ending the period with 39,477 stores.
The stock rose over 1% in aftermarket hours on Tuesday.
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